https://archive.ph/uqw7V (full link) "A part of Amazon’s success is a cutthroat culture where employees are incentivized to win to an unusual degree. Amazon uses stack ranking, grading employees against each other and cutting the bottom 6% of performers each year. New employees get the majority of their restricted stock units paid in their third and fourth year at the company, which can mean they never receive them, since there is notoriously high employee turnover at Amazon. " "An environment where every year employees are cut from an already all-star pool of talent at a company with unprecedented access to data meant that accessing data to gain an edge—as well as using other tactics to hurt competition—was a powerful way to stay ahead and make it to their restricted stock units. " "Amazon’s private-label employees for years have looked at the proprietary data of its third-party sellers on Amazon.com to reverse engineer bestsellers and undercut them on pricing. Entrepreneurs who have met with Amazon’s dealmaking or venture-capital arms complain that Amazon executives pumped them for intelligence about their inventions and shared proprietary information with other Amazon teams that stood to benefit only to ghost the entrepreneurs and create similar Amazon products. " TC 280
“A part of Amazon’s success is a cutthroat culture where employees are incentivized to win to an unusual degree. Amazon uses stack ranking, grading employees against each other and cutting the bottom 6% of performers each year. New employees get the majority of their restricted stock units paid in their third and fourth year at the company, which can mean they never receive them, since there is notoriously high employee turnover at Amazon. An environment where every year employees are cut from an already all-star pool of talent at a company with unprecedented access to data meant that accessing data to gain an edge—as well as using other tactics to hurt competition—was a powerful way to stay ahead and make it to their restricted stock units.” Amazing. As if there weren’t enough reasons to hate this company, now we find out that you don’t even get that wonderful pay until your third and fourth year, meaning you have to survive their BS and pray that you don’t get PIPped due to a toxic manager. I guess that is that “wonderful” pay I’ve heard about. “Its “culture centers on innovating for customers to make their lives better and easier,” he said. It doesn’t do stack ranking, he said, but admitted that Amazon currently has a percentage goal for what Amazon calls unregretted attrition in place.” “Hey we don’t do what you say we do, but we do this other thing that’s exactly the same thing! That’s how we innovate!” “When she refused, her manager angrily screamed at her, “You just have to give us the data!” a person who witnessed the exchange recalled. The employee, who had been pressured for months, burst into tears. But she declined to share the margins data.” A terrible manager does terrible things, influenced by Amazon’s terrible culture. TC: 105K
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